Simultaneous Death. If the Participant and his or her spouse both suffer a common accident or casualty which results in their respective deaths within 60 days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Participant died first and the spouse died thereafter.
Appears in 8 contracts
Sources: Stock Appreciation Rights Agreement (Independence Contract Drilling, Inc.), Stock Appreciation Rights Agreement (Independence Contract Drilling, Inc.), Stock Appreciation Rights Agreement (Summit Bancshares Inc /Tx/)
Simultaneous Death. If the Participant and his or her spouse both suffer a common accident or casualty which results in their respective deaths within 60 days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Participant died first and the spouse died thereafter.
Appears in 3 contracts
Sources: Restricted Stock Award Agreement (Summit Bancshares Inc /Tx/), Restricted Stock Award Agreement (Craftmade International Inc), Restricted Stock Award (Commercial Metals Co)
Simultaneous Death. If the Participant and his or her spouse both suffer a common accident or casualty which results in their respective deaths within 60 sixty (60) days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Participant died first and the spouse died thereafter.
Appears in 2 contracts
Sources: Restricted Stock Award Agreement and Grant of Stock Appreciation Rights (Cellstar Corp), Restricted Stock Award Agreement (Cellstar Corp)
Simultaneous Death. If the Participant Employee and his or her spouse both suffer a common accident or casualty which results in their respective deaths within 60 days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Participant Employee died first and the spouse died thereafter.
Appears in 1 contract